Neonode® Lands Design Win With Premier Global OEM Of Home Appliances

Neonode Inc., (NASDAQ:NEON), the optical touch technology
company, today announced that it has landed a design win with a premier
global home appliance OEM.

Neonode Inc., (NASDAQ:NEON), the optical touch technology company, today announced that it has landed a design win with a premier global home appliance OEM. This win coincides with the launch of Neonode’s new home appliance touch control platform, Multisensing HOME, which targets next generation major and small home appliances.

"We are experiencing increased attention from appliance OEM’s, looking to license and implement our Multisensing solutions, which offer a compelling mix of high-performance, power efficiency, and attractive cost," said Thomas Eriksson, CEO of Neonode.

The Multisensing HOME platform is designed for easy-integration into domestic appliances such as washing machines, dishwashers, stoves, fridge-freezers, microwaves and more. More significantly, it allows appliance OEM’s to replace antiquated button, dials, and resistive touchpads, by integrating high-performance proximity sensing (touchless) and multi-touch controls. This new platform also simplifies OEM production processes, shortens time to market, and reduces the bill of materials (BOM).

Built upon Neonode’s cutting-edge technologies, this platform offers a wide array of Multisensing features, such as:

Solid-state touch control, which reduces production and warranty costs

Thomas Eriksson continued, "Our new home appliance touch platform addresses all the critical requirements for sturdiness, ultra-low power consumption, and resistance to electrical interference, vibration, and water sprays. It also facilitates elegant industrial design, thereby improving product aesthetics and usability,“ he concluded.

According to a report by Global Industry Analysts, Inc., the global market for major electric household appliances is expected to reach 543 million units by 2015, with the small appliance market eclipsing 616M units.